Section 6166
IM1484 KIT
Liquidity to meet the estate tax burden can present a challenge for the estate of the owner of a closely held business. The option to defer some estate taxes and then pay it in installments through the use of a tax election under IRC §6166 can be useful in the right conditions. Life insurance can offer a way to enhance those benefits considerably, and more importantly provide an excellent stand-alone source of liquidity WITHOUT the limitations that apply to §6166 election that many CPAs refer to. Take a look at how life insurance may work well in combination with, or as an alternative to the 6166 election.
Insurance products are issued by: John Hancock Life Insurance Company (U.S.A.), Boston, MA 02116 (not licensed in New York) and John Hancock Life Insurance Company of New York, Valhalla, NY 10595. |
